Oct 17, 2003, 6:41 PM

Iran to Invest $86b in Petrochemical Industry

TEHRAN October 17 (Mehr News AGENCY) – An official in Iran’s National Petrochemical Company (NPC) said here Friday that his country would complete a five-year 86-billion-dollar investment project in its petrochemical industry by 2005.

“This includes 31 petrochemical projects,” he added saying Iran had fulfilled an 11-billion-dollar investment plan in the same industry within another period from 1997 to 2002.

During the last five years, foreign investors contributed some $7.2 billion to the Iranian projects, he stated.

ER/IS
END
MNA

News ID 2319

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